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Capitol Hill Hearings
November 16, 2012 6:00am-7:00am EST on CSPAN

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Broadcast Summary

00:00
task force tragedy division horrible investigation many job done begun thank today deep water leslie pursue months matter beretta fine justice leading exactly natural horizon tomorrow tire criminal director continue resources remarkable absolutely john personally environment prosecutors
00:30
enforcement important commission colleagues securities investigation law hard long many turn cases thank state agents friend worked develop federal attorney exchange director parallel talented community colleague
01:00
thank director represents announcing enforcement investigators pay 525 oil deep rate half today water third agreed during misled largest penalty flowing million billion dollars horizon disaster
01:30
000 oil barrels analysis executives misrepresented fact same upper civil funds fraud ever spill range public lowest harmed ranges used losses penalty current filings assessed estimate flow numerous position end investors estimated multiples complaint many sustained according compensate rate
02:00
scientist estimated dismissed statements concealment unreasonably ten low 000 rate ever body flow stood party third spill times behind higher nearly amount barrels reached despite growing evidence estimate realized estimates
02:30
harm truth caused transparent devastating shareholders type eyes loss focus mined world spill market public hiding another victims seeking accurate severity entitled function complete congress investing information environment
03:00
public accurate investment management information opportunity hard need 2010 facts staff chose acute times summer spring expect needed provide company mislead decision informed congress recognize companies disclosure
03:30
thank general attorney leadership investigation department mat deep kind task force ralph brian water proud thomas public horizon justice members servants including associate conducted americans
04:00
thank respond glad might questions
05:00
1100 side barrel penalty applicable distinction
05:30
duty barrel conduct 45e00 standard reckless care violating law difference gets wanton per
06:00
manslaughter died indication vindication unnecessarily irreplaceable oil hand ones pled mean bring shown lives loved spill people result actions charged perhaps company nothing families impacted admitted settlement
06:30
bring glean charged terms pled company people happened lives certainly degree explanation lost deaths comfort end hope brave
07:00
general attorney tax criminal deductible investigation mr term civil fines clear offset request charged nothing ongoing possible explicit agreement employees settlement resolution executives unnecessary
07:30
ongoing investigation holder charged today keep resolved hearing employees three mr individuals exactly future company right clear
08:00
nature today historic penalties announced environmental ago nfl fine much fall years heard seems cases thing expect pretty records passing criminal totality deterrent understand
08:30
charged criminal company individuals investigation unprecedented done pled hope fact sends money today clear lanny brewer sphere felony regard engage guilty amount message capable conduct charges ongoing indicated criminally everything manslaughter
09:00
individuals prosecutor activities seen significant appropriate responsible plea kind aware press cases beyond making senior comment engaged mr general another penalty demoted offices charges pay reports ongoing charged attorney comments internet held anything resigning corporate
09:30
change culture together confident explosion optimistic 20 hope fund must fact money given spill place ensure credit respond monitor amounts present company putting billion
10:00
changes indication mechanisms restoration corporation determination set mind fund plea civil gross today place ensure guilty culture affects infuses address whether changed ongoing expended contract something negligence litigation
10:30
planning available complaint agreement discussed negligence feel case part plea pool civil money gloss comes stated impact things factor paying session clearly alleged whether ongoing actually pursuing
11:00
impact case attorney trial part potential february something able assistant strongly significant prove determination general recovery court terms civil
11:30
state ongoing breakdown recoveries restoration investigations pay gulf aren much goes used part civil money speak today coast agreed future offset billion dollars
12:00
gulf case point coast govern penalties lot ill act vast kind chart states result reason restore general straits alabama attorney recovery majority criminal historic apportioned particularly
12:30
amount roughly resolution mississippi restoration significant act money rough state funds guide states island restore equally devoted barrier amongst receive creation criminal portioned louisiana apportion additional
13:00
money senator sensitive typically apportioned congressman end act done find tell plan case spoke today tried river bonner master regard nelson restore passage earlier congress landrieu expressed louisiana diversion apportion
13:30
criminal resolution settlement connection nonetheless distribution tor fine gulf rick ever money focus three today states moneys wanted general unusual largest answers benefit attorney punitive question associate
14:00
features important terms louisiana endowment internally academy given government sciences resolution million ask particularly national different 350 states
14:30
oil improve safety response drilling tragedy throughout country 350 spill anything million great learned gulf purpose measures respond spills
15:00
investigation normally impartial president department resolution done seen duct goes being issue obama follow regard inform justice conduct address decision criminal director
15:30
facts threat outside national security determination ongoing matter course appropriate justice share department members president investigations known hill existed
16:00
investigation knowledge interview warranted disclosure information got late hill felt went point exist facts house white tried secure friday looked threat examine sharing national occurred critical security developed
16:30
national captioning institute washington appropriate information got 2012 corp point thank today share cable attack fiscal journal thought captions performed copyright satellite
17:00
live cliff fiscal services house committee journal situation mails washington tweets plus hear member morning sixth span calls
17:30
ruby briefly evidence insist house nuts approach schools dominated lone case suspicion thought assassination loan morning describe oswald begin walls
18:00
conspiracy theory massive history tv weekend american large happened later mystery convinced years span dallas remains cover 30
18:30
economic the spoke council advisers chairman press john president alan kennedy kruger assassination club
19:00
went chairman president economics washington undergraduate ph high alan team today track native jumper school jersey council pleased cornell kreuger harvard economic advisers
19:30
obama princeton administration beginning professor economics ago duty none tour went named larry second become backed career served council pleased summers assumed adviser advisors economic position chairman treasury teaching academic president
20:00
cliff fiscal answer leaders met everybody year yesterday business president working thing problems issues wants discuss away solvable fall end areas
20:30
clear leaders balanced solution president additional top met labor terms along raised income before revenue earners concern looking raising reduces spending approach business position fortunate
21:00
much pick revenue president solution political 10 let year duck lame talk point these solve within number budget trying people matter process session capacity solvable problems
21:30
budget put goal economy sustainable investments it 10 run year need size step debt path short rising window fiscal revenue support relative trillion position important president additional
22:00
marginal rates deduction productive competitive limitations 39 tax 250 000 lay rate code fair laid upper right earth happy people nation wanted budget remain talking element campaign increase efficient president
22:30
rate years president economists successful negotiating 20 tax top put code base part wants gains agree budget clinton broader looking capital economy package increase efficient essential
23:00
10 ago clear years budget revenue passed tax feels fair president open shortfall cuts raising top yesterday afford pick ideas
23:30
debt trillion bowles relative years ok 10 capacity simpson predicted best considered economy 16 explain everyone thing 22 size
24:00
gdp little proposed put 16 trillion explain relative debt president coming stabilized path figure numbers 100 bit
24:30
mentioned debt measuring earlier appropriate
25:00
12 rate people unemployment played relevant economically 10 measure closer numbers issue became campaign went ok
25:30
rate labor unemployment department determined manipulation long 1990 craft chief people bureau worked assure absurd claims watched nothing improper happened dedicated economist insulated statistics
26:00
beyond rate political appointee calculate statistics enterprise politics labor commissioner bureau unemployment approach world respected entire among
26:30
1970 report set transmit comes procedure announced share afternoon unemployment data govern
27:00
measure people president jobs procedures looking last appropriate unemployment explain administrations follow followed weeks less
27:30
job need proceeding conditions definition unemployment met four rate find 1940 three labor weeks bureau active effort measure someone started without countries according statistics
28:00
job need interview conditions obligations application web met file took mean three offer third active trying actual actions opposed getting efforts resulted browsing harmonize
28:30
people includes define 1980 starting added available working part utilization unemployment looking time jobs way broader full measures labor set given
29:00
job people behavior meaningful official rate relationship find variables unemployment last economically host searched full time moreover economists measures unable judge
29:30
job unemployment rates picture show last finding people similar transition looked weeks likely four rate
30:00
recession slowly close financial reflection economy 2009 tremendous levels officially healing wealth unemployment amount rateasn south destroyed pre system
30:30
peak build points wealth recessions unemployment tend financial particularly affect rate deeper research market lead found housing americans crises seen
31:00
projections progress teachers following finalizing unemployment end let help rate long tell term keep twice answer fiscal budget process actions economy payroll address trouble
31:30
forecasts budget economy laughter hint run group background economic department council fund forecasting together future summer advisers treasury form needs little
32:00
lower class middle addressing protecting unemployment tax cuts rate path right terms clear senate passed fiscal assume action called present calling economic problems president extension
32:30
decrease continue continued employment unemployment representatives run deal pass full bill house table taken today short cliff senate fiscal actions concern support economy anxiety consider
33:00
rate unemployment affect structure began recovered economy demographic budget 2007 demographics lot factors sense deep crisis national years range
33:30
president business quotient advising everything economically 10 rate goes tell pick obama great people expect advise return budget working details adviser economic
34:00
bernanke president accomplish great economics tremendous respect job washington trying teaching experience serving colleagues board treasury princeton someone years
34:30
held chairman position princeton expects utmost committee soon department laughter burns respect years comment anytime four economics arthur review
35:00
federal reserve chairman interest position repaired provide opportunity went objective seeing held president serve training alan greenspan great tremendous capacity economy
35:30
000 250 class number middle president device told politics dollar much dollars advice stay protect objective lower asked
36:00
class people middle issue presumably 100 lot opportunity country definitions gap 000 incomes born tax decade thinking cuts rid goes
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challenge proposals technology opportunities globalization circumstances pay top pick extra taken types place number asking moving others upward reasons related provide revenue chances economy greater american fortunate important
37:00
used americans education engineering distribution opportunities 30 top low seen stem pull last keep many away years kinds loans income thrive provide student science happened possible
37:30
10 opportunities income policies years wonderful families important per lower realistically deficit budget done provide trillion reduce middle pursue
38:00
president inherited difficult recession additional administration top help path based great times refer fiscal budget revenue through deficit economy enacted reduced previous spending families required audience policies starting exploding
38:30
dollar investment manageable reasonably appreciate sustainable 10 put next path debt years shape kinds value place sector expect private growing efforts crowding position
39:00
euro treasury mixed spent signals believe dollar track comment voice secretary reveal send years answer sole allowed value
39:30
laughter economics started idea wonderful wanted profession economist knew excitement interested question either college thing propelled comment decide
40:00
economics intention wonderful remarkable principles discipline body felt took book every found course lawyer college started largely history assigned untested research becoming attracted
40:30
lawyer help wanted needed standard model empirical parents disappointed reasons change analysis people told need
41:00
help economics solutions education providing opportunities need easy kind major court field board brown larry cases makes people thesis wanted easily school summers adviser thought example children problems
41:30
school worked starting graduate returned research harvard larry summers education credulous assistant undergraduate fortunate adviser wonderful
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adviser worked brilliant tenure assistant bernanke classmates larry encouraging summers extraordinarily papers ben smarter together thesis growth
42:30
gdp fall cliff fiscal quickly something levels economist impact question states mean problems rate return talented reduction tax higher united
43:00
much money policies different consequences consideration tax fall flow cash mean never spend pretty defense economy putting purposes spending families temporary important economics government calculating
43:30
cliff smooth effects families defects consequences fiscal flow psychological temporary worrying mean falling government capable cash great
44:00
worry problems behavior government uncertainty considerably 19 term flow cash short solve larger effect managed anymore solving business household something inflation addressing confidence
44:30
inflation prices lexicon interpret energy world obviously relative something worry focus difficult monitor part monster movement food price try
45:00
economy inflation numbers president chinese level situation division addressing low understand reserve related policies federal focus called
45:30
tell growing trouble enough american rate question cliff focusing president china growth
46:00
economy challenge imbalances statistical unemployment understanding rate need male labor white china talked growth system degree chinese slowing numbers address balances graduate economist
46:30
gap partly differences unemployment educational opportunity age rate much vast race black lower chance skills opposed spending teenager relating certainly unemployed historical
47:00
rate baby labor question generation smaller 2000 participation higher xliv attainment boomer boom excellent lost peaked explain jobs unemployment reason force
47:30
labor 2000 rate participation peaked practice several rising gradually women boosting years men decades declining coming 30 racing
48:00
participation force labor years unemployment people demographics school rate retirement risen past declined job question enrollment drop
48:30
people result finding improvement raise identify keep let questions pursuing stand seen members bring help actions entirely last hand
49:00
wealth question economics columbia ask president asked understood whether 000 difference david understands income 80 district cops
49:30
group numbers years 30 wealthy income entirely sure happened salary distribution last particularly apart pulling right top done
50:00
economic pursue balanced strategy president problems contributions taxes situation period long rose americans years improved tax approach developing clinton asking
50:30
fall called affected president businesses disproportionately 97 98 tax top cuts bill class taxes small senate middle passed change revenue families spending increase americans addressing
51:00
congress problems questions president following secretary pass long rice bill right house labor third debate listen former clinton quickly version markets question
51:30
fix let deal ahead deficit economy stimulus standing yn continuation clinton effective obama need ironclad sustainability denton term sidedo
52:00
grand policy bargain economic extended democratic tax job need cuts best away bush side right needs agree people argued debate effect leading adviser delayed
52:30
run cuts short economy healthy additional tax show best else right house group order leadit fiscal revenue someone present lasting proposed politics spending strategy requires economist commitment
53:00
expire million released allowing concluded propensity tax top cuts jobs rates class raised middle things create extend report consume revenue letting wealthy compared
53:30
run economy benefit teachers unemployment infrastructure help jobs best long math like short hiring school future create provide support science students benefits investment additional unemployed
54:00
talk overlooked investment consistently entitlements infrastructure 30 pork less part mean right point words happen social barrel called security programs solution medicare questions
54:30
budget president additional people reforms help term solution revenue appreciate refer million ideas create deficit long open
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question stand budget address right proposals entitlement many last issue
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different cost living people country question parts dollars 250 around 000 taxes accommodate
56:00
tax code society move inflation certain difficult mobile minister provisions regionally people looking type indexed open certainly thought regions across
56:30
public different policy parts solutions problems economist better death developing idea measures innovative cost interesting tax country valuable labor living
57:00
thank tax call longer live estate people gift prefer day much
57:30
today future society topic stimulus washington holds constitutional law annual
58:00
span 00 court texas hear supreme eastern cruz senator ted elect
58:30
knowledge zero transition learned anything position got hat fdr soon call house staff white never phone saying happen truman passed grabbed anymore
59:00
looked eleanor car trouble chauffeur met roosevelt president dead
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life span harry truman through presidency

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